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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.8
If demand is relatively elastic and supply is relatively inelastic, what happens to the tax burden?
Both consumer and producer shared equal tax burden.
Producers bear more of the tax burden than consumers.
No tax burden.
Consumers bear more of the tax burden than producers.
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AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
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Tax Burden
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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